Powerful KPN foundation concerned about America Movil bid

|About: America Movil SA de CV (AMX)|By:, SA News Editor

An independent foundation that has the ability to prevent America Movil's (AMX AMOV) €7.2B acquisition of KPN (KKPNF.PK) has expressed concern about the deal.

"There is considerable uncertainty about América Móvil's intentions," the foundation said, citing a lack of information, "including (about) KPN's intention to sell its German subsidiary E-Plus." The latter is due to be acquired by Telefonica (TEF).